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Chapter 1: Problem 34

A job pays an annual salary of \(\$ 33,150,\) which includes a holiday bonus of \(\$ 750 .\) If paychecks are issued twice a month, what is the gross amount for each paycheck?

Short Answer

Expert verified
The gross amount for each paycheck is calculated by subtracting the holiday bonus from the total annual salary and then dividing the result by the number of paychecks per year.

Step by step solution

01

Subtract the bonus from the total salary

To find the base salary, subtract the holiday bonus from the total annual salary. You do this by subtracting \$750 from \$33,150. The calculation is given by: \(33,150 - 750\)
02

Calculate the number of paychecks per year

As paychecks are issued twice a month and there are 12 months in a year, the total number of paychecks per year would be \(2 \times 12\).
03

Calculate the gross amount per paycheck

Now, divide the base salary found in step 1 by the number of paychecks found in step 2. This will give the gross amount per paycheck.

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